ORLANDO, Fla. --- Mercantile Capital Corporation, which ranks as one of the nation’s most active providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, will host a free webinar on Tuesday, Nov. 1, to explain new rules expanding the SBA 504 loan program.
Christopher G. Hurn, chief executive officer of Mercantile Capital Corporation, said new SBA 504 rules permit use of SBA 504 funds to refinance commercial property loans at below-market interest rates over fixed 20-year terms with as little as 10 percent down.
Hurn said the new rules will permit SBA 504 financing of many business operation expenses as well, and the 10 percent equity requirement need not be entirely cash.
“The new SBA 504 rules are nothing short of phenomenal, and we anticipate a major increase in SBA 504 loan transactions as a result,” Hurn said.
Hurn said high interest rates and a lack of available working capital loans for small business owners at traditional banks and other commercial lenders has helped to stall the U.S. economic recovery. But the new SBA 504 loan refinance rules promise to change that for many small businesses.
“The new rules are in effect until September, 2012, so it is imperative that businesses make their decisions and lock in their rates soon,” Hurn said.
Up to 200 participants can register for this free webinar by visiting tiny.cc/SBA504RefiUpdate.
Saturday, October 22, 2011
Stirling Sotheby’s International Realty named exclusive brokers for three lakefront estate home sites in Southwest Orlando
ORLANDO, Fla. --- Stirling Sotheby’s International Realty has been named exclusive brokers for three luxury estate home sites fronting on Lake Willis, a 150-acre natural spring-fed lake near the Dr. Phillips area in Southwest Orlando.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International New Home Specialist Dan Natoli has listed the properties priced from the $400s.
The lakefront home sites range from two acres to two-and-a-half acres in size, Natoli said.
The seller will consider financing the estate sites for qualified buyers.
“The current owner, a custom homebuilder, has home designs and plans available and is ready to start construction for an interested purchaser,” Natoli said.
For a brochure on the property go to http://www.stirlingsir.com/eflyers/westwood_blvd/westwood_blvd_brochure.pdf
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International New Home Specialist Dan Natoli has listed the properties priced from the $400s.
The lakefront home sites range from two acres to two-and-a-half acres in size, Natoli said.
The seller will consider financing the estate sites for qualified buyers.
“The current owner, a custom homebuilder, has home designs and plans available and is ready to start construction for an interested purchaser,” Natoli said.
For a brochure on the property go to http://www.stirlingsir.com/eflyers/westwood_blvd/westwood_blvd_brochure.pdf
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Stirling Sotheby’s International Realty closes on $570,000 sale of Alpine-Style Mansion that costs more than $1 million to build
ORLANDO, Fla. --- Stirling Sotheby’s International Realty recently closed on the $570,000 sale of an Alpine-style luxury home near Mission Inn Golf and Country Club in Howey-in-the Hills Lake County that cost more than $1 million to build.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty in Orlando, said International Luxury Home Specialist C. Michele Norris negotiated the sale.
“Besides being a unique property, this home was an exceptional bargain at $570,000.
Master Craftsman John Artimovich of the Olde Mill Company spent four years building the 4,415 square foot luxury home with five bedrooms, four baths and many custom one-of-a-kind features. View a video of the property at http://www.youtube.com/watch?v=UR4aJ6wNkxQ
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty in Orlando, said International Luxury Home Specialist C. Michele Norris negotiated the sale.
“Besides being a unique property, this home was an exceptional bargain at $570,000.
Master Craftsman John Artimovich of the Olde Mill Company spent four years building the 4,415 square foot luxury home with five bedrooms, four baths and many custom one-of-a-kind features. View a video of the property at http://www.youtube.com/watch?v=UR4aJ6wNkxQ
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Ashton Woods Homes to hold grand opening Oct. 29 at Laureate Park at Lake Nona
LAKE MARY, Fla. --- Ashton Woods Homes will hold a grand opening for its newest community in the southeast Orlando area at Laureate Park at Lake Nona on Saturday, Oct. 29.
Michael Roche, vice president of sales and marketing at Ashton Woods Homes in the Orlando region, said 28 single-family and urban loft (town) homes will be available.
Single-family homes at Laureate Park will range from 1,961 square feet to 2,470 square feet and will be priced from the $270s while urban lofts will offer from 1,658 square feet to 1,865 square feet and will be priced from the $230s.
Ashton Woods Homes is one of the nation’s largest private homebuilding companies, with operations in Orlando, Tampa, Atlanta, Raleigh, Dallas, Houston, Austin and Phoenix. Visit www.ashtonwoodshomes.com.
Michael Roche, vice president of sales and marketing at Ashton Woods Homes in the Orlando region, said 28 single-family and urban loft (town) homes will be available.
Single-family homes at Laureate Park will range from 1,961 square feet to 2,470 square feet and will be priced from the $270s while urban lofts will offer from 1,658 square feet to 1,865 square feet and will be priced from the $230s.
Ashton Woods Homes is one of the nation’s largest private homebuilding companies, with operations in Orlando, Tampa, Atlanta, Raleigh, Dallas, Houston, Austin and Phoenix. Visit www.ashtonwoodshomes.com.
Only five ready-to-move-in homes remain for sale at The Villages of Royal Palm in Port Orange
DAYTONA BEACH, Fla. --- Only five ready-to-move-in homes remain for sale at The Villages of Royal Palm, the luxury active adult community in Port Orange.
Winston Schwartz, president of Winston-James Development, Inc., the developer of The Villages of Royal Palm, said the community sold three ready-to-move-in homes over the past 30 days.
New three bedroom homes at The Villages of Royal Palm offer two baths and two car garages priced from the $160s to $200s.
New Homes at The Villages of Royal Palm range in size from 1,300 square feet of living space to 2,050 square feet.
Winston Schwartz, president of Winston-James Development, Inc., the developer of The Villages of Royal Palm, said the community sold three ready-to-move-in homes over the past 30 days.
New three bedroom homes at The Villages of Royal Palm offer two baths and two car garages priced from the $160s to $200s.
New Homes at The Villages of Royal Palm range in size from 1,300 square feet of living space to 2,050 square feet.
Winston-James Development inks new long term lease at Beville Road Business Park in South Daytona
SOUTH DAYTONA, Fla. --- Winston-James Development, developer of Beville Road Business Park in South Daytona, reported it closed on a new long term lease agreement that totaled 1,050 square feet of commercial space.
Winston Schwartz, president of Winston-James Development, said the new tenant Larry Spencer, is a household goods wholesaler.
Winston Schwartz, president of Winston-James Development, said the new tenant Larry Spencer, is a household goods wholesaler.
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